The Future of Housing Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Future of Housing Markets write by Leland S. Burns. This book was released on 2012-12-06. The Future of Housing Markets available in PDF, EPUB and Kindle. This book's title betrays at once that it belongs in the forecast literature. Peering into the future is a notoriously treacherous venture. Nevertheless, it has become a prac tice endemic to the business and government worlds as well as to academia, especially economics. We like to be lieve that the enormous growth of forecasting in the face of some disappointments reflects real needs of decision makers (as well as the general public's well-warranted curiosity about the future). Fashion alone could hardly explain the sustained increase in the market for forecast services during the past few decades. Some professionals insist on fine distinctions be tween the forecast, the projection, the prediction-and the prophecy. The differences are more semantic than real, as the mandatory resort to Webster confirms. The entry "forecast" includes references to prediction and prophecy without differentiation, while "projection" is defined, among other things, as prediction or "advance estimate." We use mainly the term projections because v PREFACE vi much of our statistical research is based on forward es timates of population and households by the U.S. Bu reau of the Census which the bureau itself, the greatest fountain of data in the world, records as projections.
The Future of Housing Markets
The Future of Housing Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Future of Housing Markets write by Leland S. Burns. This book was released on 2014-01-15. The Future of Housing Markets available in PDF, EPUB and Kindle.
Fixing the Housing Market
Fixing the Housing Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fixing the Housing Market write by Franklin Allen. This book was released on 2012. Fixing the Housing Market available in PDF, EPUB and Kindle. Explains the financial history leading to the mortgage meltdown and assesses today's housing finance systems in the United States and abroad.
Economic Analysis of the Digital Economy
Economic Analysis of the Digital Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Analysis of the Digital Economy write by Avi Goldfarb. This book was released on 2015-05-08. Economic Analysis of the Digital Economy available in PDF, EPUB and Kindle. There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. "Economics of Digitization "identifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop. "Economics of Digitization" will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.
The Great American Housing Bubble
The Great American Housing Bubble - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Great American Housing Bubble write by Adam J. Levitin. This book was released on 2020-06-09. The Great American Housing Bubble available in PDF, EPUB and Kindle. The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.
